Correct and I agree.

Going to be very exciting for XCRT for the rest of 2023 and into 2024. I will be eagerly awaiting their financial results for Q3 and the 2023 Annual.

The current roughly 70% decline from the recent high of $.1356 is just standard OTC "craziness" imo. I'm not going to predict future price action, but once XCRT finds a stable bottom, I can practically guarantee there will be a strong uptrend that will eventually surpass that high.

Please see my disclaimer below.

All I can say is wait and see.

Annual report is due Sept. 28, 2023.

If they file on time, maybe that will be the catalyst that pushes share price over $.03? One can hope anyway.

Reading filing right now. See small revenues in the past from both ESN and Cermedx.

But then late in the filing this statement appears (on page 11):

Last 3 quarters all filed late. Previous annual filed late also.

So I'd say the odds are NOT good.

49K in ask slaps explains most of the difference.

My imagination isn't as vivid as yours. lol

In other words, I can't imagine a 20M share day in the current OTC environment. I'm happy with a couple million per week. As long as the uptrend continues.

Will be reading the filing carefully this weekend.

I will amend my revenue statements when I've had a chance to look at the facts as necessary.

I will acknowledge that I may have spoken too quickly. I do that sometimes. lol

Have a nice weekend.

And BTW, $.0290 another new 52-week high today!

Face it. MVNT isn't a short-term get rich quick play.

Those who continually beat the drum of quick riches are doing a disservice to those who are content to hold MVNT for the long-term.

As I said earlier today, I DO expect MVNT to challenge the $.03 price level in the near future. Won't be today as some were saying and might not be next week even. But I'm confident it will come soon.

I'm done beating my drum for today.

Everyone have a nice weekend and looking forward to another week of watching the trading of MVNT!

Without any revenues in 2023, OTC flippers will continue to push XCRT share price down.

It pains me to say this, but this is NOT unusual for startups on the OTC who have no significant current revenues. In the meantime, I will continue to add XCRT shares in small amounts at current prices and down to wherever the bottom might be.

Looking forward to 2024 with fingers crossed.

Wow. Some "real" buying today. iHub showing ~19M shares slapped off the ASK.

A little early to get too excited, but definitely showing some signs of life!

On a major purchase like this, you'd expect a proper inspection before the contract signing would have discovered any deficiencies.

Good guess on your part, but I just get the feeling that something is amiss.

Seems like good news. But what do you think is holding up a contract signing on the Elba property purchase??

If there's any pre-weekend buying, probably won't happen until the last hour today.

Unless of course, MVNT releases some "unexpected" news. Otherwise I'm expecting a slow grind to $.03 NEXT WEEK or SOON. Take your choice. lol

That would be great! I'm all for it.

I already have a "fair size" position here. But before I add significantly more, I need to see OCLG get to Pink Current. That's the news I'm waiting for.

Without some news I doubt it.

But I would be very HAPPY to be proven wrong. lol

OCLG seems to be moving off bottom ($.0005).

If the uptrend continues, OCLG could challenge resistance at $.0014. But like SPM555 says, to breakout over $.0014 will likely take some news from OCLG management.

Just have to wait and see what happens, I guess.

MVNT will be attacking 3's "SOON".

Fins due next week (9/28/23). That would be a great time for some forward guidance and a BREAKOUT over $.03.

Think the difference today (~60K) could be a small amount of retail selling.

There were 2 trades today at the bid for 60K shares in total (60556 shares to be exact).

https://ih.advfn.com/stock-market/USOTC/movement-industries-pk-MVNT/trades

289 up. Unbelievable in today's market!

Would love to see SNPW close at 30 today!

Broader market is generally in shambles today. Aftermath from the FED meeting yesterday. imo

Yeah, know what you mean.

I've only got 5 green out of 43 tickers. lol

Seems like all sectors being hit today.

Even if MVNT finishes unchanged today, I'll be happy.

Like I said, "Slow and steady wins the race".

Well, sometimes anyway. lol

Good news today/tomorrow should get us up to $.03.

Otherwise, next week.

As you can see from the chart, MVNT has about a 5-month uptrend in place. However, it has been a "slow" grind with very few sharp moves up. Not expecting this to change in the near future.

But what the heck. This is the OTC after all and almost anything goes in this marketplace. For example, who could have "predicted" the 3 days of sharply lower priced trades? Not me! First $.104, then $.0145, and finally $.0081 (9/12 to 9/14). Of course, price improved quickly on all 3 days and closed above $.02 on all 3 of those days. Just an example of the craziness you can find on the OTC (as I'm sure you are well aware of).

ASK back to $.0287

Didn't take too long to chew through those 0275's (about a half-hour and 4 slaps).

Check out this weekly 2-year chart below:
Click here for 2-year chart

MVNT coming close to highs not seen since April 2022, the time when MVNT first broke below $.03.

Agree.

And we close at $.0281. Another 52-week high.

Numb nuts selling XCRT. Mainly impatient OTC traders/flippers.

Patience wins. "If you build it, they will come."

... "moving a bit" you say.

I'd say MVNT's $10M contract (compared with results over the past 4 years) may be a "small step for the oilfield services sector, but a GIANT leap forward for MVNT"!!

How about a pic of finished ball valve!

Would love to get a better estimate of the size of their balls!

2", 4", 6", or 8"??

Aha. Machining their balls. Must be getting ready for a price erection. lol

Yep. Good stuff. First test of $.03 could come this week with news, or next week without news.

jmho

Bid $.0269, Ask $.0270 :)

It's coming. Slow uptrend since 0061 on 6/5/23.

Now up ~340% from that low to current price of $.0269.

So far we have 2 5-digit trades.

iHub doesn't call either trade a buy or a sell, because the trades were exactly halfway between the bid and ask prices.

The only drawback I see to recent trading is the extremely low volumes (the only recent exception was the ~2.2M on 9/14). I really don't see how OTC traders will remain interested or engaged with a ticker that has such low volumes.

Maybe Linh will decide to do a reverse split in order to move up to a NASDAQ listing? I would be all in favor of such a move despite the fact that the number of shares I hold would be reduced. I believe that any initial price decrease would be more than overcome by a positive reception from "real" investors who focus more on the long-term potential of a company rather than the usual short-term focus of most OTC traders. jmho

Look at the 2-year chart linked below.

It's becoming a thing of beauty!!

https://www.barchart.com/stocks/quotes/MVNT/technical-chart?plot=LINE&volume=total&data=WO&density=O&pricesOn=1&asPctChange=0&logscale=0&indicators=ACCUM;RSI(14,100)&sym=MVNT&grid=1&height=375&studyheight=150

Click the text below for another chart view. Set for "2 years", "daily", and "line display".
This chart looks good too.

Whooppee. One close above $.026 will confirm my previous chart analysis.

Will also put MVNT within striking range of $.03. I have pegged $.0295 to $.0300 as the next area of probable resistance.

Of course, any good news surprise could propel MVNT above that level easily!

Looks like SNPW price finally stabilizing.

Anyone wanting to get in this ticker, now may be the time.

(Read my disclaimer.)